Gold and copper miner EVN delivered a solid quarterly update earlier in the week, reiterating full-year production guidance at 710,000-780,000 oz for gold and 70,000-80,000 tonnes of copper (Cu). In hindsight, we took profit too early in EVN, although a +150% gain is always nice, in this case, it could have been more. We are looking to re-enter EVN well above where we exited earlier in the month, i.e. we must not let ego get in the way of our investment decisions.
- We want to re-enter EVN, ideally into a ~$1 correction.
MM is bullish EVN medium term
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